5,800 March 120 calls mostly bought for 2.58 to 4.30 above open interest of 887 contracts. Stock 109.64-113-96. EPS 2/18 after close.
BUY .25 - .30 HOLD TILL 1$ - 1.20
A very steady TA for this stock, seem like a second wave is comming . ( Price is above monthly 90 and macd is crossing up again) This company mainly business in china and malaysia , Processing of high quality marble and granite for supply and installation to the Malaysian markets and Property development of high end residences. Seem like beside tech stock in...
I recommended West Fraser Timer (WFT on TSX) some time ago. In November the company announced it would buy another lumber company, Norbord. Nov 19, 2020 | Posted in Corporate News, News West Fraser to Acquire Norbord, Creating a Diversified Global Wood Products Leader – Complementary OSB business expands product and geographic diversity – Greater scale and...
Recent months have seen a shift toward cyclical stocks like International Paper, which has some potentially bullish chart patterns. First, IP spiked to $53.39 on January 6. That was the highest level since September 2018. Such a new high can indicate a stock is under accumulation – especially when it occurs so early in a calendar year. Second, the materials...
Hi! This is my first time trying some technical analysis. After a long downtrend it seems that Copper is ready to test that range high in the coming years. The reason behind this seems to be the growth of the demand for copper originated from the renewable energy market, that will double its market cap by 2030. In blue there is to possible scenarios, at two...
Watch price action on lower time frame for entry.
One of the only potash producers listed on a US exchange. Has been left for dead for over a decade. Intrepid Potash $IPI has returned 150% since the day of the election 11/3. I am a buyer on weakness and pullbacks. If the inflation cycle really does heat up over the next few months, $IPI could make a move to $100 in 2021.
Materials sector has been showing relative strength. It is actually 3th in YTD performance, after 1. Technology, 2. Discretionary (Mega-cap lead sectors) Today it is resting on the 100ema, which has been supportive since march 23rd crash. This level is also coinciding with early 2020's high, as well as 4 other tests of the support; including a failed breakout,...
It is forming a cup and $38.04 is the confirmation for the pattern. 12 months Consensus Price Target: $60 if you find my charts useful, please leave me "like" or "comment". Please don't trade according to the ideas, rely on your own knowledge. Thx
Watching for a push near the daily 200sma, act as resistance or become support depending on the markets. But just a chart i'm keeping an eye on for that breakout over $14
With the rumor of a $1 Trillion US infrastructure bill to help put Americans back to work and revitalize the US economy, I believe we will see a lot of money getting poured into materials. "MTL engages in mining, steel, and power businesses in Russia, Asia, Europe, the Commonwealth of Independent States, the Middle East, the United States, and internationally....
Materials companies are some of the most economically sensitive names in the market. Events like social lockdowns, mass job losses and nosediving GDP have all kinds of knock-on effects for their business. The sector was already struggling before coronavirus, and fell even more sharply as the disease spread. Dow Inc. is one of the most actively traded names in...
New high is for #Novagold today but #rsi is still weak and may pull back on next week before it continues.
Interest rate forecasts have been headed toward zero for months, but they've reversed course after the payroll tax cut. Now that the Trump administration has found other tools for stimulus, it's likely that interest rates will hold steady. Time to take profit on gold (XAUUSD), silver(XAGUSD), long-term bonds (VGLT), real estate stocks (EWRE), and short positions...
News of the pending approval of the USMCA trade deal has been somewhat eclipsed by news of the signing of the Phase 1 China trade deal. However, the reality is that the USMCA deal has larger implications than the China deal, since we do a lot more trade with Canda and Mexico than with China. One sector affected by the deal is the U.S. steel industry, because the...